COPP vs. HG=F
Compare and contrast key facts about Sprott Copper Miners ETF (COPP) and Copper (HG=F).
COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPP or HG=F.
Performance
COPP vs. HG=F - Performance Comparison
Returns By Period
COPP
N/A
-8.36%
-19.40%
N/A
N/A
N/A
HG=F
6.65%
-4.77%
-18.65%
10.73%
9.18%
3.14%
Key characteristics
| COPP | HG=F | |
|---|---|---|
| Daily Std Dev | 34.87% | 22.18% |
| Max Drawdown | -25.15% | -62.54% |
| Current Drawdown | -19.40% | -19.15% |
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Correlation
The correlation between COPP and HG=F is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
COPP vs. HG=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Copper (HG=F). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDrawdowns
COPP vs. HG=F - Drawdown Comparison
The maximum COPP drawdown since its inception was -25.15%, smaller than the maximum HG=F drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for COPP and HG=F. For additional features, visit the drawdowns tool.
Volatility
COPP vs. HG=F - Volatility Comparison
Sprott Copper Miners ETF (COPP) and Copper (HG=F) have volatilities of 8.96% and 8.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.